Rizwan buys an old scooter for Rs. 26750 and spends Rs. 2175 on its repairs. If he sells the scooter

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21 Aug 2017 Profit and Loss

Rizwan buys an old scooter for Rs. 26750 and spends Rs. 2175 on its repairs. If he sells the scooter for Rs. 34600, his gain percent is:

OPtion

1) 19.58 %
2) 18.06 %
3) 17.48 %
4) 19.85 %
5) 19.90 %
6) 18.60 %
7) 18.80 %
8) 17.30 %
9) 19.62 %
10) None of these

Solution

Cost Price (C.P.) = Rs. (26750 + 2175) = Rs. 28925

Selling Price (S.P.) = Rs. 34600

Gain = (S.P.) - (C.P.) = Rs.(34600 - 28925) = Rs. 5675

Gain % = (5675/28925)*100 = 19.619 = ~19.62 %

Correct Option: 9 Best Solution (8)